OX9 29 & 29a Upper High Street, Thame

Attractive Period Property with Retail Investment & Scope for Development Subject to Planning

A mixed-use period property comprising a refurbished 3-bedroom townhouse and retail unit currently occupied by Lovely Nailcare and subject to a lease expiring August 2034 at a rent of £12,500 per annum.

The townhouse comprises a Sitting Room, Dining Room and Kitchen, two bright, street-facing Bedrooms and bathroom, and a main Bedroom with ensuite. The house has been redecorated and carpeted throughout, with a new kitchen fitted. Additionally, the property benefits from useful cellar / basement area of circa 260 Sq ft, that could be used for a number of purposes.

Included at the rear of a property is a 495 Sq ft split level studio that could be developed / converted into a further income generating unit, subject to planning.

Strictly by appointment via Fields.

Freehold: Guide Price £699,000

Lease: The shop is subject to a lease for a term expiring August 2034.

Rent: £12,500 per annum.

Landlord and Tenant Act: Excluded

Break Clause: 29th April 2029 (Tenant only)

Rent Review: 29th April 2029

The town house is currently vacant and estimated to achieve approximately £1,900 per month / £22,800 per annum income.

The property lies within the rating area of South Oxfordshire District Council, according to which the rateable value is as follows:

Rateable value - £9,800 (shop only - 2026)

The Residential premise falls within Council Band B.

Character 3-Bedroom Town House of approx. 1,417 Sq ft

Retail Unit Generating £12,500 per annum (business unnafacted)

Total Estimated Residential / Commercial Income of £35,300 per annum

Investment with Development Potential Subject to Planning

Located on the Upper High Street, a short walk from Thame's Town Centre.

Thame is a popular market town conveniently located within 6 miles of Junctions 6 and 7 of the M40, 14 miles east of Oxford, 10 miles south-west of Aylesbury and 15 miles north-west of High Wycombe.